Apollo Global Management
US alternative investment manager active in private credit, real assets and the Thames Water rescue bid.
US alternative investment manager whose chief economist warned on 26 July 2026 that credit spreads on Oracle and hyperscaler debt are widening amid AI capital-spending strain.
Last refreshed: 27 July 2026 · Appears in 2 active topics
Timeline for Apollo Global Management
Oracle's credit spread hits 2008 level
AI: Jobs, Power & MoneyBacked the London & Valley Water consortium's proposal
Is Britain Actually Broke?: £6.6bn bid to keep Thames Water privateBackground
Apollo Global Management is a US alternative investment manager, running private equity, credit and other non-traditional investment strategies for institutional clients.
Its credit-market research, produced in-house by economists such as Torsten Slok, is closely followed because Apollo's own business depends on accurately pricing default risk across the corporate debt it invests in and lends against.
That vantage point, an investor with direct exposure to credit markets rather than a neutral outside commentator, gives Apollo's public warnings on AI-linked debt particular weight.
Apollo warns on hyperscaler credit strain
Apollo Global Management's chief economist, Torsten Slok, said on 26 July 2026 that Oracle's credit default swap spread had reached its 2008 level, and that spreads across hyperscaler and AI infrastructure debt are rising off the bottom more broadly .
As a major alternative-asset manager whose business depends on reading credit markets accurately, Apollo's public commentary through Slok functions as an early-warning signal for institutional investors watching AI-linked debt. The firm frames the widening spreads as a genuine repricing of risk rather than a panic, but one worth heeding ahead of the fourth quarter.